Suyog Gurbaxani Funicular Rope (SGFRL.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+1074.9%

₹951.63

vs ₹81.00 price

Levered DCF

₹6.20

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.99

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017
P/E	40.44×	37.57×	51.36×	603.85×	-28.14×	-24.61×	-54.51×	0×
P/B	5.9×	13.36×	18.21×	19.15×	19.76×	27.93×	11.27×	0×
P/S	4.83×	6.17×	4.55×	10.84×	24.24×	43.62×	23.96×	0×
EV / EBITDA	16.53×	23.59×	24.67×	31.73×	187.68×	326.73×	78.22×	0×
Gross margin	65.1%	95.6%	96.7%	74.2%	-9.8%	84.3%	-20.2%	0.0%
Operating margin	33.3%	20.5%	23.6%	8.7%	-65.3%	0.0%	-20.2%	0.0%
Net margin	11.9%	16.4%	8.8%	1.7%	-86.1%	-177.3%	-44.1%	0.0%
Current ratio	0.71×	2.41×	3.62×	1.26×	0.74×	0.56×	0.25×	0.95×
Debt / equity	4.17×	3.52×	5.51×	6.47×	6.88×	10.7×	4.24×	5.71×
Interest coverage	2.25×	3.98×	2.1×	1×	-3.14×	0×	-0.85×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017
Return on equity	14.6%	35.5%	35.4%	3.1%	-70.2%	-113.5%	-20.7%	0.0%
Return on invested capital	4.3%	9.6%	9.7%	2.0%	-6.5%	0.0%	-1.8%	0.0%
Return on assets	2.3%	6.2%	4.8%	0.4%	-8.4%	-9.2%	-3.7%	0.0%
Free cash flow yield	6.5%	1.1%	-4.2%	-0.4%	-0.2%	-3.1%	0.4%	0.0%
Earnings yield	2.5%	2.7%	1.9%	0.2%	-3.6%	-4.1%	-1.8%	0.0%
Enterprise value	₹4.1B	₹4.1B	₹3.7B	₹2.6B	₹2.6B	₹2.7B	₹2.6B	₹683.8M
Net debt / EBITDA	6.83×	4.91×	5.72×	8×	46.9×	90.25×	21.31×	0×
Cash conversion cycle (days)	-111	-1,202	-249	528	22	-64	-37	0